An Agreement to Refrain from a Particular Trade, Profession, or Business

question 22

True/False

An agreement to refrain from a particular trade, profession, or business is enforceable if two requirements are met: that the purpose of the restraint is to protect a property interest of the promisee and the restraint is no more extensive than is reasonably necessary to protect that interest.

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Definitions:

Economic Gains

Increases in wealth, value, or the accumulation of resources beyond the original investment or cost.

Communism

A political and economic ideology advocating for a classless society in which property and the means of production are communally owned.